Sayaji Hotels (Pune) Limited has successfully concluded its postal ballot process and formally submitted comprehensive regulatory updates to BSE Limited regarding the appointment of Mr. Nimeshkumar Natwarlal Gandhi as Non-Executive Independent Director, with shareholders providing unanimous approval for the proposed resolution.

Regulatory Compliance and BSE Update

The company submitted a detailed update to BSE on 7th April, 2026, referencing its earlier intimation dated 5th February, 2026 regarding change in management. This submission was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming that members approved the director appointment through postal ballot via remote e-voting.

Director Profile and Qualifications

Mr. Nimeshkumar Natwarlal Gandhi brings extensive professional experience to the board as a Practicing Chartered Accountant with 31 years of expertise in accounts, taxation, corporate governance and allied areas. His professional background encompasses statutory and internal auditing, along with providing advisory and consultancy services in Income Tax, GST, Company Law, Management, Project Financing and related fields.

The company confirmed that Mr. Gandhi is not debarred from holding the office of Independent Director by virtue of any SEBI order or other regulatory authority. He satisfies the criteria of independence prescribed under the Companies Act, 2013 and SEBI LODR, and is not related to any existing Director of the Company.

Voting Process and Results

The postal ballot process was conducted through electronic means via Central Depository Services Limited (CDSL), with voting open from 7th March, 2026 at 09:00 A.M. IST to 6th April, 2026 at 05:00 P.M. IST. Shareholders eligible to vote were determined based on the cut-off date of 28th February, 2026.

The resolution achieved unanimous approval with 58.10% voter turnout, with all 1769948 votes cast in favour by 18 participating shareholders.

Scrutinizer Certification and Documentation

Mr. Neelesh Gupta, Practicing Company Secretary (Membership No. FCS 6381), served as the appointed scrutinizer and confirmed in his report dated 7th April, 2026 that the resolution was passed with requisite majority through a fair and transparent e-voting process. The votes were unblocked on 6th April, 2026, witnessed by Mr. Abhisek Kushwah and Ms. Muskan Chhetija.

Company Secretary & Compliance Officer Kajal Jain submitted the complete documentation to BSE, including the scrutinizer's report and voting results. The voting results have been uploaded on the company's website at www.shplpune.com as per regulatory requirements, with the resolution deemed passed on 6th April, 2026.

Sayaji Hotels (Pune) Limited has fulfilled its regulatory compliance obligations by submitting the mandatory certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026. The submission was made on 4th April, 2026, to BSE Limited and other relevant depositories.

Regulatory Compliance Details

The certificate was issued by MUFG Intime India Pvt. Ltd., formerly known as Link Intime India Pvt. Ltd., which serves as the company's Registrar and Share Transfer Agent. This quarterly submission is a mandatory requirement under SEBI regulations to ensure transparency in the dematerialization process.

Certificate Confirmation

MUFG Intime India confirmed that all securities received from depository participants for dematerialization during Q4FY26 were properly processed and confirmed to the depositories. The registrar verified that security certificates received for dematerialization were mutilated and cancelled after due verification, and the names of depositories were substituted in the register of members within prescribed timelines.

Key Operational Updates

A notable aspect of the quarterly report was the confirmation that no remat requests were received for processing during the quarter ended 31st March, 2026. This indicates stable investor preference for holding securities in dematerialized form.

Corporate Communication

The submission was signed by Kajal Jain, Company Secretary and Compliance Officer of Sayaji Hotels (Pune) Limited, and copies were sent to both National Securities Depository Limited and Central Depository Services (India) Limited, ensuring comprehensive regulatory compliance across all relevant depositories.